Strata Development

Challenge on planning especially for the highrise strata building development is tougher now. With the issuing of strata title for individual parcels, no further development even for the renovation work with increased of intensity can be allowed. This can only be allowed unless all owners agree to terminate and cancel their individual title for the issuing of new ones. This will become a big challenge for development project with phasing stage and unclear development direction at the initial stage. For example, if a planning permission has been given for a project with 2 phases. After selling of Phase One Strata properties with agreement indicated the accessory parcels and common properties are fixed and located, no further adjustment is allowed unless the the owners or buyers agree collectively. Hence, refining planning at the later stage or even changes made because of market demand might not be possible anymore based on current practice. New set of rules and practices will have to set accommodating this changes. For project proponents, they might need to have clearer idea what they want to develop or to expedite their development for fear of changes later. One of the advantages is protecting the interest of buyers in which the sale of accessory parcels or common properties is more difficult now without their consent. It is good also for the management corporation to control over the common properties, I believe.